How Do You Handle Fixed Assets?

timer Asked: Mar 10th, 2014

Question description

Tracking the quantity, maintenance condition and depreciation status of fixed assets can be a real pain at tax time. Using an automated asset tracking system definitely makes the process easier, but if you’re a contractor with equipment leased out on multiple long-term projects, your accountant needs to know the exact location of each asset as well.

A handy tool for that is the ToolHound tool and equipment manager because it can assign assets to each client company and can track the locations of an unlimited number of assets at multiple locations within each organization. And it’s easy to share inventory data for accurate reporting within your organization and on your depreciation worksheets.

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